APD Options History — November 2023

In November 2023, APD traded between $255.63 and $294.69. ATM implied volatility averaged 19.9%, placing in the 26.4% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded below realized volatility by 25.0% (HV 20d: 44.9%). Max pain ranged from $260.00 to $290.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 1.73.

Notable Days

  • 2023-11-08: Highest Volume — 10,521 contracts
  • 2023-11-07: Largest IV drop — 44.6% change
  • 2023-11-06: Highest IV Rank — 87.2%
  • 2023-11-01: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$272.82$255.63$294.69$283.00$270.44
Max Pain$273.81$260.00$290.00$280.00$270.00
ATM IV19.9%14.5%35.5%31.6%17.4%
Expected Move5.3%4.2%9.1%9.1%5.0%
HV 20d44.9%18.9%51.1%18.9%51.0%
HV 60d29.8%17.5%32.9%17.5%32.9%
IV Rank26.4%5.6%87.2%72.1%16.7%
IV Percentile26.5%1.2%99.2%95.2%15.9%
Term Structure0.1%-6.2%1.6%-6.2%-0.3%
VWIV19.0%14.8%32.9%32.9%17.7%
Skew 25d2.6%1.2%4.2%4.2%1.2%
Skew 10d5.6%3.0%11.3%8.0%7.0%
Call IV 25d17.7%14.8%29.5%29.5%17.0%
Put IV 25d20.3%16.5%33.7%33.7%18.3%
Bid-Ask Spread %80.0167.7891.1577.3886.64
Gamma HHI0.380.150.750.220.49
Net GEX-691.0K-15.8M73.6M-1.3M-10.9M
Net DEX13.2M-66.2M197.9M9.6M27.9M
Net VEX-737.7K-819.3K-642.3K-812.7K-717.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.730.1712.801.221.10
Total Volume2,073.57121610,521218332
Total OI33,548.09529,09938,70829,09932,962

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$283.00$280.0031.6%9.1%18.9%72.1%32.9%4.2%-6.2%-1.3M9.6M-812.7K1.2277.389812014,50614,593
2023-11-02$288.82$290.0030.6%6.9%19.2%68.1%24.1%4.2%-1.4%1.2M-27.1M-803.0K12.8078.31861,10114,57614,655
2023-11-03$294.69$290.0032.0%7.0%20.3%73.4%24.0%3.7%-1.9%3.2M-57.7M-778.7K0.7177.7427319514,60215,413
2023-11-06$290.50$290.0035.5%6.9%21.0%87.2%25.1%4.1%-2.0%1.0M-20.6M-819.3K1.7381.631,0641,84114,62515,507
2023-11-07$255.63$290.0019.7%5.3%49.8%25.6%20.0%3.3%1.1%-15.8M197.9M-642.3K0.8371.044,5863,78915,46716,313
2023-11-08$260.02$270.0019.1%5.5%50.3%23.3%18.7%2.8%0.8%-11.2M120.8M-768.4K2.6177.282,9117,61018,41317,287
2023-11-09$263.60$260.0018.8%5.4%50.7%22.1%17.9%2.8%1.0%-6.8M59.0M-813.0K0.1779.183,01652719,55616,653
2023-11-10$265.13$270.0017.2%4.9%50.8%16.1%19.3%2.7%1.2%-2.2M38.9M-802.6K0.9581.111,0941,04120,62516,663
2023-11-13$265.04$270.0016.7%4.8%50.6%13.9%17.9%2.8%1.4%-3.6M39.1M-772.5K0.6467.7876248620,64417,145
2023-11-14$269.14$270.0016.3%4.7%50.9%12.5%16.8%2.1%1.0%3.9M-18.1M-739.1K0.7073.271,10677220,93617,173
2023-11-15$274.13$270.0017.4%5.0%50.9%16.6%17.1%2.4%1.0%2.9M-66.2M-746.8K0.4282.241,50863121,04417,411
2023-11-16$273.44$270.0016.9%4.9%50.8%15.0%16.1%2.2%1.0%2.9M-65.4M-710.5K0.4782.7053725021,11817,564
2023-11-17$269.72$270.0016.5%4.7%51.0%13.3%16.7%2.5%1.0%73.6M-3.4M-735.9K0.2481.021,82744421,02417,684
2023-11-20$273.00$270.0016.6%4.8%51.0%13.6%16.5%2.1%0.8%-6.4M2.8M-705.3K0.8282.1343235614,16716,494
2023-11-21$277.00$270.0015.1%4.3%51.1%7.7%16.2%1.9%1.1%-2.5M-26.4M-668.8K0.2283.6170015614,38516,724
2023-11-22$274.95$270.0016.0%4.6%51.0%11.2%15.4%1.8%1.6%-4.2M-14.9M-680.8K1.3381.2917723514,58816,761
2023-11-24$275.01$270.0014.5%4.2%50.8%5.6%14.8%1.7%1.0%-4.3M-13.7M-688.4K1.3083.469412214,66616,866
2023-11-27$271.18$270.0016.6%4.7%51.0%13.5%17.0%2.2%0.3%-7.5M5.3M-659.3K2.3378.4332575614,69516,939
2023-11-28$268.70$270.0016.2%4.6%50.6%12.1%16.0%2.1%0.3%-11.7M33.6M-707.0K0.8582.7520417314,79617,177
2023-11-29$266.00$270.0017.2%4.9%50.6%15.8%18.0%1.9%-0.2%-14.7M56.8M-719.6K4.8791.153081,50014,83517,258
2023-11-30$270.44$270.0017.4%5.0%51.0%16.7%17.7%1.2%-0.3%-10.9M27.9M-717.3K1.1086.6415817414,86818,094